UK Companies House feature
MINESOFT LTD
Cash
£3M
-44% vs 2022
Net assets
£3M
+145.2% vs 2022
Employees
39
+14.7% vs 2022
Profit before tax
£2M
+174.7% vs 2022
Profile
- Company number
- 03237682
- Status
- Active
- Incorporation
- 1996-08-14
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 62090
Net assets
3-year trend · vs UK AI & Enterprise SaaS median
Accounts
3-year trend · latest 2023-12-31
| Metric | Trend | 2021-08-31 | 2022-08-31 | 2023-12-31 |
|---|---|---|---|---|
| Turnover | — | £16,760,684 | £24,349,645 | |
| Operating profit | — | -£3,093,393 | £2,312,876 | |
| Profit before tax | — | -£3,132,667 | £2,341,503 | |
| Net profit | — | -£3,491,611 | £2,050,320 | |
| Cash | — | £6,011,785 | £3,364,236 | |
| Total assets less current liabilities | — | £1,467,147 | £3,517,467 | |
| Net assets | — | £1,411,762 | £3,462,082 | |
| Equity | £4,867,071 | £1,411,762 | £3,462,082 | |
| Average employees | — | 34 | 39 | |
| Wages | — | £2,330,169 | £4,016,320 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Cooper Parry Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In determining the appropriate basis of preparation of the financial statement for the year ended 31 December 2024, the directors are required to consider whether the company can continue in operational existence for the foreseeable future. The board has concluded that it is appropriate to adopt the going concern basis, having undertaken an updated assessment of the viability of the business model that the company has established. This assessment takes account of the company's financial forecasts including the mitigating actions within the control of the directors. The large Group creditor which financed the acquisition of PBI in the year has resulted in the company being in a net current liabilities position at year end. We have obtained a letter of support from the lender to confirm that they will provide resources where necessary, should the company require it.”
Subsidiaries
- Minesoft GmbH · 100% held · Neuss, Germany
- Minesoft LLC (f.k.a. Tempus IP LLC) · 100% held · USA
- Project Octopus NewCo Limited (UK) · 100% held · Shearwater House, The Green, Richmond, Surrey, England, TW9 1PX
Significant events
- “During the year, the Group bought out RWS Holdings plc's interest in PatBase (PBI). The acquisition created a fundamental change in the business by providing direct control of data operations and sourcing, shifting the balance to a working capital surplus and materially improving bottom-line profitability.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| JAEGER, Karl Vincent | Director | 2022-02-16 | Feb 1963 | American |
| SHEA, David | Director | 2023-02-21 | Dec 1963 | American |
| SLAINE, Mason Paul | Director | 2022-02-16 | Mar 1953 | American |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DANIEL, Ophir | Secretary | 1996-08-14 | 2022-02-16 |
| TEMPLE SECRETARIES LIMITED | Corporate Nominee Secretary | 1996-08-14 | 1996-08-14 |
| CHAPMAN-DANIEL, Ann Frances | Director | 1997-01-23 | 2022-02-16 |
| DANIEL, Ophir | Director | 1996-08-14 | 2022-02-16 |
| HYATT, Rahman Andreas | Director | 2008-07-15 | 2022-02-16 |
| TUBUL, Eran | Director | 1996-08-14 | 1997-01-23 |
| COMPANY DIRECTORS LIMITED | Corporate Nominee Director | 1996-08-14 | 1996-08-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Maltese Bidco 2 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2022-05-20 | Active |
| Mrs Ann Frances Chapman-Daniel | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-05-20 |
| Mr Ophir Daniel | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2022-05-20 |
Filing timeline
Last 20 of 126 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-10-30 | CH01 | officers | change person director company with change date |
| 2025-10-29 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-10-29 | CH01 | officers | change person director company with change date |
| 2025-09-08 | AA | accounts | accounts with accounts type full |
| 2025-01-15 | DISS40 | gazette | gazette filings brought up to date |
| 2025-01-14 | GAZ1 | gazette | gazette notice compulsory |
| 2025-01-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-09-26 | AA | accounts | accounts with accounts type full |
| 2023-11-27 | AA01 | accounts | change account reference date company current extended |
| 2023-11-21 | PSC05 | persons-with-significant-control | change to a person with significant control |
| 2023-11-21 | CH01 | officers | change person director company with change date |
| 2023-11-21 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-03-01 | AA | accounts | accounts with accounts type group |
| 2023-02-21 | AP01 | officers | appoint person director company with name date |
| 2022-12-15 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-12-15 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2022-12-15 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-12-15 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2022-05-19 | MA | incorporation | memorandum articles |
| 2022-05-19 | RESOLUTIONS | resolution | resolution |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
2.69
SAFE
Altman Z″
- Working capital / Total assets 0.208 × 6.56 = +1.37
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets 0.151 × 6.72 = +1.02
- Book equity / Total liabilities 0.293 × 1.05 = +0.31
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory